________ believe that real output is determined by aggregate supply.
A. Socialists
B. Monetarists
C. Communists
D. Keynesians
Answer: B
Economics
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A decrease in growth rates will cause:
Economics
In a foreign exchange market diagram with pesos per dollar on the vertical axis, the quantity of __________ would be on the horizontal axis, and the U.S. demand for Mexican goods would help to determine the __________ curve
A) dollars; demand B) dollars; supply C) pesos; demand D) pesos; supply
Economics
Which of the following policies should not be used to close a recessionary gap?
A. Increases in government spending B. Tax cuts C. Increases in transfer payments D. An income tax surcharge
Economics
In Figure 1.9, as you move up the curve from point J toward point M, the slope
A. Increases. B. Becomes negative. C. Decreases. D. Remains constant.
Economics